CHICAGO-Houston-based industrial private equity firm TridentEquity Partners LLC is merging into locally-based BrennanInvestment Group, a firm that former First Industrial Realty Trustpresident and CEO Mike Brennan started in October 2009. Theprincipals at Trident will operate under the Brennan name and willfocus their efforts in the major markets of Texas, Arizona andColorado.

Brennan said in a statement that his strategy, both nationallyand in Texas, is to acquire a portfolio of stable, well-leasedassets along with distressed or value-added properties that willprovide both a current yield as well as significant potential forcapital appreciation over a two- to five-year period. Assets willinclude dock high warehouses, manufacturing buildings andgrade-level service center buildings primarily of tiltwallconstruction, he said. The company focuses primarily on propertiesin the markets of Chicago, central Florida, northern New Jersey,southern California, Texas and Washington, DC.

The Trident principals are Troy MacMane, Tod Greenwood and AllenCrosswell. Prior to forming Trident, MacMane had run FirstIndustrial’s acquisition and development business in the southernportion of Texas. He was also responsible for managing and leasingthe REIT’s portfolio of more than 300 tenants consisting of morethan 10 million square feet with a staff of 15 people.